In real life, a holiday means to have time off work and have fun. In the world of banking, a holiday means to rob the customer as a way of keeping a bankrupt system afloat. It’s been a few years since we’ve seen that happen in any major world economy, but that is exactly what the Greek government is pursuing, starting now, to stop a massive bank run. Drained and fed up, other governments in the European Union refused to extend yet another loan to Greece. This panicked depositors, who have lined up at ATMs all over the country. Sure enough, Prime Minister Alexis Tsipras announced that he was closing all banks as a way to stemming the tide. One thing about this approach: it never works! Bank closings add to the atmosphere and panic. They are often followed by an announcement that the government is going to devalue or outright steal people’s money. Whatever trust remains in t...